Daniel Santiago (State Street): Sector ETFs, S&P Concentration, and Reading the Cycle
About this episode
Daniel Santiago from State Street Global Advisors discusses sector ETF investing and market concentration issues with host Michael A. Gayed, CFA.
Daniel Santiago from State Street Global Advisors joins Michael A. Gayed, CFA to unpack sector ETF investing in 2026 — the original SPDR product line, now the largest and most liquid sector suite on the market. We get into the Magnificent Seven concentration problem in the S&P 500, how State Street's GICS-based classification actually works (including why SpaceX classifies as communication services), sector dispersion versus style/factor dispersion, and how to think about sector rotation ...
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